Kathmandu, October 6 : Nepal Telecom has been ranked number one by the market capitalisation among the 10 best performing companies selected by the Nepal Stock Exchange.
The state owned telecommunication service provider has the market capitalisation worth over Rs 110 billion. Nabil Bank has been ranked second with the market capitalisation worth more than Rs 75.8 billion followed by Nepal Investment Bank in the third place with Rs 68 billion worth of market capitalisation.
Likewise, Standard Chartered Bank has secured the fourth position with the market capitalisation worth over Rs 55.2 billion, while Everest Bank is in the fifth rank with over Rs 50.6 billion of market capitalisation.
Similarly, Himalayan Bank is placed in the sixth position with market capitalisation worth over Rs 43.8 billion, while Nepal Life Insurance is in the seventh position with Rs 41 billion worth of market capitalisation. Nepal SBI Bank has got the eighth position with market capitalization worth over Rs 39.5 billion followed by NIC Asia Bank in the ninth position with over Rs 34.1 billion and NMB Bank in the tenth position with market capitalisation worth over Rs 30.6 billion. RSS
Commercial banks in Nepal have further reduced deposit interest rates for the month of Jestha, mainly due to excess liquidity in the banking system and sluggish credit expansion....
Read more
